SA law firm settles $27m Loxton winery sale
SA law firm settles $27m Loxton winery sale
Aug 25, 2011 6
THE wine grape glut isn't enough to sour a $27 million deal that saw one of the world's largest wine company buy a Loxton Winery. South Australian law firm Kelly & Co. has advised Australian Vintage Limited on the $27 million sale of its 90,000 tonne Loxton winery to TWG Australia II, the Australian subsidiary of Californian-based Wine Group.
As part of the transaction, completed last Friday, TWG Australia has employed all existing permanent staff working at the winery.
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